Market Closed -
Japan Exchange
07:00:00 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
4,821
JPY
|
+1.75%
|
|
+7.06%
|
+3.26%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
585,057
|
350,903
|
385,807
|
319,230
|
276,739
|
374,307
|
-
|
-
|
Enterprise Value (EV)
1 |
320,230
|
139,274
|
173,687
|
117,767
|
84,036
|
379,571
|
374,307
|
374,307
|
P/E ratio
|
19.9
x
|
12.7
x
|
48.9
x
|
22.2
x
|
14.1
x
|
13.1
x
|
16.3
x
|
16.1
x
|
Yield
|
1.08%
|
1.83%
|
1.66%
|
1.98%
|
2.15%
|
1.66%
|
1.66%
|
1.7%
|
Capitalization / Revenue
|
0.27
x
|
0.16
x
|
0.18
x
|
0.14
x
|
0.12
x
|
0.16
x
|
0.16
x
|
0.15
x
|
EV / Revenue
|
0.15
x
|
0.06
x
|
0.08
x
|
0.05
x
|
0.04
x
|
0.16
x
|
0.16
x
|
0.15
x
|
EV / EBITDA
|
8.43
x
|
3.22
x
|
8.98
x
|
5.05
x
|
2.04
x
|
9.48
x
|
9.02
x
|
8.48
x
|
EV / FCF
|
10.4
x
|
-3.94
x
|
171
x
|
10.7
x
|
-9.24
x
|
9.53
x
|
18.6
x
|
17.3
x
|
FCF Yield
|
9.65%
|
-25.4%
|
0.58%
|
9.31%
|
-10.8%
|
10.5%
|
5.36%
|
5.8%
|
Price to Book
|
1.46
x
|
0.85
x
|
0.93
x
|
0.76
x
|
0.67
x
|
0.92
x
|
0.88
x
|
0.84
x
|
Nbr of stocks (in thousands)
|
91,272
|
89,175
|
89,204
|
87,942
|
82,732
|
77,641
|
-
|
-
|
Reference price
2 |
6,410
|
3,935
|
4,325
|
3,630
|
3,345
|
4,821
|
4,821
|
4,821
|
Announcement Date
|
13/05/19
|
11/05/20
|
11/05/21
|
11/05/22
|
15/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,132,362
|
2,213,478
|
2,128,218
|
2,232,774
|
2,314,828
|
2,390,000
|
2,388,071
|
2,430,619
|
EBITDA
1 |
38,000
|
43,290
|
19,335
|
23,337
|
41,244
|
40,060
|
41,516
|
44,118
|
EBIT
1 |
27,228
|
32,571
|
9,156
|
13,777
|
32,605
|
32,589
|
29,555
|
31,392
|
Operating Margin
|
1.28%
|
1.47%
|
0.43%
|
0.62%
|
1.41%
|
1.36%
|
1.24%
|
1.29%
|
Earnings before Tax (EBT)
1 |
45,479
|
41,808
|
12,557
|
22,484
|
30,594
|
44,798
|
34,521
|
34,325
|
Net income
1 |
30,204
|
28,213
|
7,895
|
14,393
|
20,345
|
28,900
|
22,832
|
22,720
|
Net margin
|
1.42%
|
1.27%
|
0.37%
|
0.64%
|
0.88%
|
1.21%
|
0.96%
|
0.93%
|
EPS
2 |
322.7
|
310.3
|
88.52
|
163.2
|
236.5
|
366.6
|
296.1
|
299.2
|
Free Cash Flow
1 |
30,896
|
-35,369
|
1,016
|
10,959
|
-9,091
|
39,828
|
20,081
|
21,699
|
FCF margin
|
1.45%
|
-1.6%
|
0.05%
|
0.49%
|
-0.39%
|
1.67%
|
0.84%
|
0.89%
|
FCF Conversion (EBITDA)
|
81.31%
|
-
|
5.25%
|
46.96%
|
-
|
99.42%
|
48.37%
|
49.18%
|
FCF Conversion (Net income)
|
102.29%
|
-
|
12.87%
|
76.14%
|
-
|
137.81%
|
87.95%
|
95.51%
|
Dividend per Share
2 |
69.00
|
72.00
|
72.00
|
72.00
|
72.00
|
80.00
|
80.00
|
82.00
|
Announcement Date
|
13/05/19
|
11/05/20
|
11/05/21
|
11/05/22
|
15/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
1,114,261
|
1,099,217
|
1,042,302
|
1,085,916
|
558,428
|
1,097,571
|
586,548
|
548,655
|
1,135,203
|
553,754
|
584,556
|
1,138,310
|
619,615
|
556,903
|
573,644
|
620,828
|
1,194,472
|
619,850
|
575,678
|
574,100
|
601,100
|
624,100
|
590,700
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
14,995
|
17,576
|
1,777
|
7,379
|
7,465
|
3,874
|
4,130
|
5,773
|
9,903
|
3,550
|
11,332
|
14,882
|
9,534
|
8,189
|
4,055
|
12,511
|
16,566
|
9,954
|
5,280
|
3,000
|
9,100
|
8,400
|
6,600
|
Operating Margin
|
1.35%
|
1.6%
|
0.17%
|
0.68%
|
1.34%
|
0.35%
|
0.7%
|
1.05%
|
0.87%
|
0.64%
|
1.94%
|
1.31%
|
1.54%
|
1.47%
|
0.71%
|
2.02%
|
1.39%
|
1.61%
|
0.92%
|
0.52%
|
1.51%
|
1.35%
|
1.12%
|
Earnings before Tax (EBT)
|
19,515
|
22,293
|
6,310
|
6,247
|
13,830
|
13,354
|
5,357
|
3,773
|
9,130
|
4,473
|
12,053
|
16,526
|
10,493
|
3,575
|
5,080
|
17,951
|
23,031
|
14,020
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
13,198
|
15,015
|
4,379
|
3,516
|
9,610
|
9,178
|
4,066
|
1,149
|
5,215
|
2,681
|
8,169
|
10,850
|
7,311
|
2,184
|
3,342
|
12,542
|
15,884
|
9,613
|
3,403
|
2,600
|
4,700
|
5,600
|
13,400
|
Net margin
|
1.18%
|
1.37%
|
0.42%
|
0.32%
|
1.72%
|
0.84%
|
0.69%
|
0.21%
|
0.46%
|
0.48%
|
1.4%
|
0.95%
|
1.18%
|
0.39%
|
0.58%
|
2.02%
|
1.33%
|
1.55%
|
0.59%
|
0.45%
|
0.78%
|
0.9%
|
2.27%
|
EPS
|
144.6
|
-
|
49.10
|
-
|
-
|
103.8
|
46.27
|
-
|
-
|
30.49
|
-
|
123.4
|
85.10
|
-
|
40.40
|
-
|
192.0
|
118.3
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
32.00
|
-
|
36.00
|
-
|
-
|
36.00
|
-
|
-
|
-
|
-
|
-
|
36.00
|
-
|
-
|
-
|
-
|
40.00
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
06/11/19
|
11/05/20
|
05/11/20
|
11/05/21
|
11/11/21
|
11/11/21
|
09/02/22
|
11/05/22
|
11/05/22
|
10/08/22
|
11/11/22
|
11/11/22
|
10/02/23
|
15/05/23
|
09/08/23
|
10/11/23
|
10/11/23
|
09/02/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
5,264
|
-
|
-
|
Net Cash position
1 |
264,827
|
211,629
|
212,120
|
201,463
|
192,703
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
0.1314
x
|
-
|
-
|
Free Cash Flow
1 |
30,896
|
-35,369
|
1,016
|
10,959
|
-9,091
|
39,828
|
20,081
|
21,699
|
ROE (net income / shareholders' equity)
|
7.5%
|
6.9%
|
1.9%
|
3.4%
|
4.9%
|
6.11%
|
5.44%
|
5.23%
|
ROA (Net income/ Total Assets)
|
3.05%
|
3.6%
|
1.64%
|
2.08%
|
3.18%
|
2.3%
|
2.15%
|
2.3%
|
Assets
1 |
988,697
|
783,022
|
481,106
|
693,324
|
639,784
|
1,256,522
|
1,061,944
|
987,809
|
Book Value Per Share
2 |
4,391
|
4,618
|
4,675
|
4,750
|
4,970
|
5,217
|
5,497
|
5,762
|
Cash Flow per Share
2 |
438.0
|
428.0
|
203.0
|
272.0
|
337.0
|
335.0
|
368.0
|
403.0
|
Capex
1 |
10,855
|
9,552
|
8,184
|
14,907
|
17,748
|
10,254
|
13,500
|
15,167
|
Capex / Sales
|
0.51%
|
0.43%
|
0.38%
|
0.67%
|
0.77%
|
0.43%
|
0.57%
|
0.62%
|
Announcement Date
|
13/05/19
|
11/05/20
|
11/05/21
|
11/05/22
|
15/05/23
|
-
|
-
|
-
|
Last Close Price
4,821
JPY Average target price
4,840
JPY Spread / Average Target +0.39% Consensus |
1st Jan change
|
Capi.
|
---|
| +3.26% | 2.43B | | +14.23% | 69.68B | | -1.88% | 25.05B | | +7.11% | 8.21B | | -20.55% | 7.96B | | -4.06% | 7.75B | | +2.26% | 4.64B | | +17.12% | 4.32B | | +1.41% | 4.09B | | -3.02% | 3.82B |
Pharmaceuticals Wholesale
|